REC Ltd. has incorporated subsidiary company BPTL

The Authorized Capital of the company is Rs 5,00,000 and the Paid-up Capital is Rs 5,00,000.

REC Ltd. has incorporated subsidiary company BPTL

REC Ltd. has stated that Bhadla-III Power Transmission Limited has been incorporated as a Wholly Owned Subsidiary of REC Power Development & Consultancy Limited (a Wholly Owned Subsidiary of REC Limited). The said company is also a subsidiary company of REC Limited, in terms of the provisions of Section 2(87) of the Companies Act, 2013.

REC Power Development and Consultancy Limited (RECPDCL) inter-alia acts as the "Bid Process Coordinator" for the selection of Transmission Service Providers through Tariff Based Competitive Bidding (TBCB) process, for independent inter-state and intra-state transmission projects assigned by the Ministry of Power and State Governments from time to time.

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Therefore, from now Bhadla-III Power Transmission Limited is a Wholly Owned Subsidiary of REC Power Development & Consultancy Limited (a Wholly Owned Subsidiary of REC Limited), and it is a related entity of REC Limited.

 

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Central Electricity Authority, Ministry of Power, through the letter, had allocated one transmission project, wherein RECPDCL has been appointed to act as Bid Process Coordinator (BPC) for the selection of Bidder for an Additional Transmission system for evacuation of power from Bhadla-III PS as part of Rajasthan REZ Phase-III scheme (20 GW).

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